The Shanghai Composite fell 0.2% to around 3,450, while the Shenzhen Component dropped 0.5% to 10,420 on Wednesday, paring gains from the previous session, with high-flying technology stocks leading the decline as investors locked in some profits.
Market focus is now shifting to the upcoming Politburo meeting later this month, where officials are expected to unveil additional stimulus measures aimed at offsetting the economic impact of elevated US tariffs.
Meanwhile, the latest Caixin survey showed a surprise return to expansion in China’s manufacturing activity in June, reflecting Beijing’s intensified efforts to stabilize growth.
The technology sector led the declines, with notable losses in Zhongji Innoolight (-4.0%), Suzhou Dongshan (-5.3%), Eoptolink Technology (-3.5%), Victory Giant (-3.1%), and Anhui Greatwall (-3.1%).
